"I cannot confirm or deny that Rent My Vaction Home may go public"Mr.Jay Kalin, C.E.O.
New York, NY (PRWEB) June 15, 2011
RMVH-Rent My Vacation Home has raised large sums from private investors and now looks to a major Internet firm in a transaction that values the company at a potential of $1 billion, according to people involved in the transaction. As part of its deal with not named Internet firm, is expected to inject as much as a half billion from investors and then offer the company to Wall Street.
The email said that even clients who receive the non-public information and decide not to invest would have to wait at least 12 months and possibly longer before they would be able to trade shares in the secondary market.
These restrictions are lifted if Rent My Vacation Home (RMVH) goes public in the interim.
Even though RMVH Rent My Vacation Home is not a public company, the sellers in these markets are typically former investors looking to unload their stakes from other less profitable companies. The buyers are mostly wealthy speculators looking to snag a piece of the next Apple or Google before the rest of the investing public can.
RMVH clients who opt to receive more information will receive a private placement memorandum in the coming days. That document will confirm who the company involved is, and give other more detailed information about the investment.
RMVH-Rent My Vacation Home, the popular vacation networking site, has raised millions from investors in a deal that values the company at $1 billion, according to people involved in the transaction.
The deal makes RMVH Rent My Vacation Home now look more like eBay, Yahoo and Time Warner.
The stake by Wall Street’s savviest investors, signals the increasing might of Rent My Vacation Home, which has already been bearing down on giants in the vacation home industry.
The new money will give Rent My Vacation Home more firepower to steal away valuable vacation homes from other sites, develop new products and possibly pursue acquisitions of the smaller firms — all without being a publicly traded company.
The new investment comes as the Securities and Exchange Commission has begun an inquiry into the increasingly private market for shares in Internet companies, . Some experts suggest the inquiry is focused on whether certain companies are improperly using the private market to get around public disclosure requirements.
The deal could add pressure to go public even as its executives have resisted. The popularity of shares of competitors in the private market ultimately pressured them to pursue initial public offerings.
So far, Rent My Vacation Home chief executive, Mr. Jay Kalin has brushed aside the possibility of an initial public offering or a sale of the company. At an industry conference , he said on the topic, “I cannot confirm or deny this.” However, people involved in the fund-raising effort suggest that Rent my Vacation Home has indicated an intention to consider a public offering in 2012.
There has been an explosion in user interest in the vacation home rental sites.
The Rent My Vacation Home investment deal is likely to stir up a debate about what the company would be worth in the public market. Though it does not disclose its financial performance, analyst’s estimate the company is profitable and could bring in as much as 1 billion in revenue annually.
Representatives for, several major search engine companies all declined to comment.
As part of this deal, RMVH Rent My Vacation Home is expected to raise as much as half a billion from investors , people involved in the discussions said, speaking on the condition of anonymity because the transaction was not supposed to be made public until the fund-raising had been completed.
In a rare move, RMVH is planning to create a “special purpose vehicle” to allow its high-net-worth clients to invest in Rent My Vacation Home, these people said. While the S.E.C. requires companies with more than 499 investors to disclose their financial results to the public, RMVH proposed special purpose vehicle may be able get around such a rule because it would be managed by just one investor, even though it could conceivably be pooling investments from thousands of clients.
It is unclear whether the S.E.C. will look favorably upon the arrangement.
Rent My Vacation Home-(RMVH) Web site last year, according to several Internet tracking firms was one of the most visited vacation home sites on the web. They total 83 major vacation web portals in the network RMVH at this time with 70,000 customer’s .These customers pay no fee with code Google,Bing Yahoo or Facebook to list for rent and sale their vacation homes with new EZ reservation technology from Rent My Vacation Home Tech Department .. If you need any further information for this Articele contact CEO, Mr. Jay Kalin at 1-800-699-7684